- Folio:, Sunday, November 29, 2009 8:12 PM
A U.S. bankruptcy court in Delaware has approved the sale of Questex Media Group Holdings to a group of the company's senior lenders. The sale, Questex said, brings the company to the final step in
the process of restructuring its balance sheet, claiming it expects to emerge from bankruptcy shortly.
Questex's business operations will continue as usual during the process. Questex
employs roughly 400 people worldwide and owns 23 trade pubs, which include Travel Agent, and more than 150 digital media properties, in addition to trade conferences. No layoffs are planned in
the restructuring, says Questex.
Read the whole story at Folio: »